September 13, 2017

Vikram Pandit, the former chief executive of Citigroup, said in an interview with Bloomberg Television on Wednesday that advancements in artificial intelligence and robotics could make 30 percent of banking jobs obsolete within the next five years.

Pandit, who is now th...

July 17, 2017

Banking, say hello to robots… again.

Citigroup is in the process of hiring for a variety of new roles in their automation centers, designed to implement innovative robotic technology throughout the company, reports Business Insider.

A Citi spokesperson declined to commen...

June 28, 2017

The IBM team behind their famous computer Watson is starting a massive lobbying effort to change the “dystopian” view of artificial intelligence, reports Recode.

If there were one team who understood the capabilities, current and future, of artificial intelligence, it w...

April 25, 2017

Jack Ma, the billionaire founder and chairman of Chinese e-commerce behemoth Alibaba, has sounded the alarm about the disruptive potential of artificial intelligence, warning that "the world will see much more pain than happiness" over the next few decades, Bloomberg r...

Are the days of fundamental hedge fund management coming to an end? According to a report from Preqin, a company that provides financial industry data, 40 percent of hedge funds created in 2016 were “systematic,” meaning that they rely on computer models and algorithms...

March 31, 2017

It is said that if you know your enemies and know yourself, you will not be imperiled in a hundred battles; if you do not know your enemies but do know yourself, you will win one and lose one; if you do not know your enemies nor yourself, you will be imperiled in every...

March 17, 2017

A new study by PwC and Startupbootcamp FinTech London into the evolution of the fintech market in the United Kingdom shows a growing number of startups entering the cloud computing sector and fewer looking to build a payments business.

Comparing the applications to Star...

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